The stock price is $50 and the present value of dividends during the life of an option is $3. Which of the following is the way to construct a binomial tree to value the option? Draw a tree with an initial stock price of $47 and do not add or subtract any remaining dividends. Draw a tree for an initial stock price of $50 and do not add or subtract any remaining dividends Draw a tree for an initial stock price of $53 and then subtract at each node the present value of the remaining dividends, Draw a tree for an initial stock price of 547 and then add at each node the present value of the remaining dividends